v3.25.1

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 12,977	$ 62,720
Accounts receivable, net	120,035	98,366
Prepaid expenses	8,103	7,712
Due from related parties	50	192
Tax advances and receivables	4,976	9,080
Other current assets	2,523	1,888
Total current assets	148,664	179,958
Non-current assets
Property and equipment, net	30,481	29,862
Operating lease assets	65,726	59,145
Goodwill	11,832	11,832
Deferred tax asset, net	5,994	4,285
Other non-current assets	12,034	8,822
Total non-current assets	126,067	113,946
Total assets	274,731	293,904
Current liabilities
Accounts payable and accrued liabilities	18,430	16,719
Accrued payroll and employee-related liabilities	29,653	30,674
Current deferred revenue	6,019	4,749
Current operating lease liabilities	14,225	12,051
Current debt	19,862	660
Due to related parties	0	60
Income taxes payable	821	6,083
Total current liabilities	89,010	70,996
Non-current liabilities
Non-current deferred revenue	1,060	1,128
Non-current operating lease liabilities	56,944	53,441
Long-term debt	735	867
Other non-current liabilities	2,801	1,673
Total non-current liabilities	61,540	57,109
Total liabilities	150,550	128,105
Stockholders' equity
Common stock: par value $0.0001, 108,057,967 shares authorized, 13,372,404 and 17,017,476 shares outstanding as of March 31, 2025 and June 30, 2024, respectively	1	2
Additional paid-in capital	216,184	210,200
Treasury stock at cost: 5,457,123 and 1,567,552 shares as of March 31, 2025 and June 30, 2024, respectively	(101,658)	(25,367)
Accumulated other comprehensive loss	(6,491)	(7,913)
Retained earnings / (deficit)	16,145	(11,123)
Total stockholders' equity	124,181	165,799
Total liabilities and stockholders' equity	$ 274,731	$ 293,904

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

IBEX Ltd 10-Q